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Deferred Tax Assets and (Liabilities)
12 Months Ended
Jun. 30, 2023
Income Taxes [Abstract]  
Deferred Tax Assets and (Liabilities) Deferred Tax Assets and (Liabilities)
Deferred taxes arising from temporary differences and unused tax losses are summarised as follows:
Deferred tax 2023At 1 July 2022
£’000
Exchange Adjustments £’000Credit / (Charge) to Profit and Loss
£’000
Acquisition £’000Charge to Equity £’000At 30 June 2023 £’000
Accelerated capital allowances
£434 £— £(465)£— £— £(31)
Tax losses3,627 (111)8,995 — — 12,511 
Share-based compensation
9,844 (35)(1,927)— (3,919)3,963 
Intangible assets(6,008)191 1,901 (6,455)— (10,371)
Other temporary differences
(1,505)45 652 269 — (539)
Total£6,392 £90 £9,156 £(6,186)£(3,919)£5,533 
Deferred tax 2022At 1 July 2021
£’000
Exchange Adjustments £’000Credit / (Charge) to Profit and Loss
£’000
Acquisition £’000Charge to Equity £’000At 30 June 2022 £’000
Accelerated capital allowances£595 £— £(161)£— £— £434 
Tax losses2,987 355 285 — — 3,627 
Share-based compensation13,143 — 1,802 — (5,101)9,844 
Intangible assets(6,824)(30)1,136 (290)— (6,008)
Other temporary differences55 208 (1,768)— — (1,505)
Total£9,956 £533 £1,294 £(290)£(5,101)£6,392 
Deferred tax assets are recognised to the extent it is probable that taxable profits will be generated against which those assets can be utilised.
After offsetting deferred tax assets and liabilities where appropriate within territories, the net deferred tax comprises:
2023
 £’000
2022
 £’000
Deferred tax assets20,156 17,218 
Deferred tax liabilities(14,623)(10,826)
Net deferred tax5,533 6,392